Roberts Glore & Co. Inc. IL Acquires New Shares in Expeditors International of Washington, Inc. $EXPD

Key Points

• Roberts Glore & Co. Inc. IL acquired 24,977 shares of Expeditors International of Washington during the second quarter, valued at approximately $4.1 million and representing 1% of its portfolio.
• Expeditors reported quarterly EPS of $2.03, beating estimates of $1.69, while revenue increased 32.1% year over year. Analysts expect $5.39 in EPS for the current fiscal year.
• EXPD traded near its 12-month high at $188.90, but analysts maintained a consensus “Hold” rating with an average price target of $168.78; institutional investors own 94.02% of the stock.

Roberts Glore & Co. Inc. IL bought a new position in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 24,977 shares of the transportation company's stock, valued at approximately $4,071,000. Expeditors International of Washington makes up 1.0% of Roberts Glore & Co. Inc. IL's holdings, making the stock its 23rd biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new position in shares of Expeditors International of Washington in the fourth quarter valued at $28,000. DV Equities LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth $28,000. Nalls Sherbakoff Group LLC acquired a new stake in Expeditors International of Washington during the fourth quarter worth $30,000. Hara Capital LLC bought a new stake in Expeditors International of Washington in the 2nd quarter valued at $33,000. Finally, Bard Associates Inc. bought a new stake in Expeditors International of Washington in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 94.02% of the company's stock.

Expeditors International of Washington Stock Performance

EXPD opened at $188.90 on Wednesday. The firm has a market cap of $24.55 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 5.00 and a beta of 1.04. The firm's 50-day simple moving average is $174.00 and its 200-day simple moving average is $159.07. Expeditors International of Washington, Inc. has a twelve month low of $112.94 and a twelve month high of $189.99.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.34. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. The firm's revenue was up 32.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.34 earnings per share. As a group, sell-side analysts anticipate that Expeditors International of Washington, Inc. will post 5.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EXPD shares. Zacks Research raised shares of Expeditors International of Washington from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 7th. Truist Financial upped their target price on shares of Expeditors International of Washington from $145.00 to $175.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. raised shares of Expeditors International of Washington from an "underweight" rating to a "neutral" rating and set a $200.00 price target for the company in a research report on Wednesday, August 5th. Stephens upgraded shares of Expeditors International of Washington to a "strong-buy" rating in a research note on Wednesday, July 8th. Finally, Bank of America lifted their price objective on Expeditors International of Washington from $181.00 to $189.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Expeditors International of Washington has a consensus rating of "Hold" and a consensus target price of $168.78.

Expeditors International of Washington Profile

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company's core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.

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